Kernex Microsystems (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KERNEX · price
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Kernex Microsystems, in a consortium with KEC (Kernex holding 70% share), has received a Letter of Acceptance from Western Railways, Ahmedabad for the provision of KAVACH Version 4.0 (Train Collision Avoidance System) along with UHF and OFC communication backbone on the Palanpur–Samakhiyali–Gandhidham section of Ahmedabad Division. The total accepted bid cost is Rs. 182.81 Crores (including 18% GST), meaning Kernex's share is roughly Rs. 128 Crores. The project is domestic, has a completion period of 730 days (~2 years) from the LoA date of June 6, 2025, and is not a related-party transaction. KAVACH is Indian Railways' indigenous train protection system, and this win adds to Kernex's existing order book in the railway safety segment.
Positive for the company — this is a sizable government railway safety order that strengthens revenue visibility over the next two years and reinforces Kernex's positioning in the KAVACH segment, which is a priority area for Indian Railways. For shareholders, it is a meaningful order win that could support order book growth, though execution and consortium dynamics with KEC will be key watchpoints.